Business, Credit and Market Risks Associated with the Spread of COVID-19
First written in FY2021. 5 of 7 entries say "Materialised", first in FY2022. Latest entry: FY2025.
The Kiyo Bank moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 12 of 31 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Since COVID-19 was reclassified as a Class 5 infectious disease, normalization of socioeconomic activity following the COVID-19 pandemic has progressed substantially」
The Company stated that socioeconomic activity had normalized substantially with respect to the pandemic’s broad business and credit impacts. At the same time, it stated that certain borrowers continued to carry high credit risk. - FY2025-H1MaterialisedAnnual report
「As a result, the Company recorded a precautionary allowance for loan losses of ¥2,205 million during the current interim consolidated accounting period.」
A precautionary allowance for loan losses of ¥2.205 billion was recorded for borrowers affected by COVID-19. - FY2024-Q2MaterialisedAnnual report
「As a result, the Company recorded a precautionary allowance for loan losses of ¥3,089 million during the current interim consolidated accounting period.」
A precautionary allowance for loan losses of ¥3.089 billion was recorded during the current interim consolidated accounting period for borrowers affected by COVID-19. - FY2023MaterialisedAnnual report
「The Company recorded a precautionary allowance for loan losses of ¥2,900 million for borrowers affected by COVID-19.」
A precautionary allowance for loan losses of ¥2.9 billion was actually recorded for credit risk associated with the pandemic. - FY2023-Q2MaterialisedAnnual report
「As a result, the Company recorded a precautionary allowance for loan losses of ¥3,118 million during the current interim consolidated accounting period.」
A precautionary allowance for loan losses of ¥3.118 billion was recorded during the current interim consolidated accounting period for borrowers affected by COVID-19. - FY2022MaterialisedAnnual report
「The Company has recorded precautionary allowances for loan losses for certain borrowers affected by the spread of COVID-19. As a result, the Company recorded a precautionary allowance for loan losses of ¥3,076 million for the current consolidated fiscal year.」
A precautionary allowance for loan losses of ¥3.076 billion was actually recorded for credit risk associated with COVID-19. - FY2021First statedAnnual report
「The spread of COVID-19 could disrupt the normal conduct of business, cause additional credit costs for borrowers as economic conditions deteriorate, and reduce the prices of securities held by the Company.」
The Company first described the three impact channels of COVID-19—business operations, credit costs for borrowers, and securities prices—as separate key risks.